Skip to main content

About your Search

English 22
Search Results 0 to 21 of about 22
. let's begin with ben willis at the newscy. -- nyse. we had some bias coming in the last half hour. >> as long as washington keeps santa claus hostage we'll continue to see this. "the santa clause" rally hasn't appeared because it has been over this fiscal cliff. kudos on fox business for the headline of story coming out of washington congress will meet on sunday this coming weekend that. is definitely took us off our low. we had a major rally on that. 10 handles on the s.o.p.s we watched down here. it was a painful trade there for a couple of hours. ashley: ben, very quickly up until now the market hasn't really reacted to the fiscal cliff but seems today it really sort of kicked in. did the market get it wrong up to this point? >> the fear is we may have got it wrong. market as i've been saying for a while believes in fact we will have a resolution so we will not go over the cliff. the recent commentary maybe has been there will be a patch so we'll get it done by early january. the comments by mr. reid today. the ball was thrown into his court by mr. boehner who failed with his p
it through the day. why don't we bring in our cast of thousands here. ben willis, jason milly, brad fredelander, and of course rick santel santelli. ben let me get to you first of all. what do you feel this means beyond just the market moves today, the emerging deal what does it mean for the markets once we crack into the new year? >> we knew they could do it, it just took a long embarrassing cost of our reputation in the world to get it done. with that being said, i think you mentioned the capping on the tax deductions. you want to keep an eye on the high end housing and the high end buildings. if that does come to fruition. but the whole tape is moving. apple in and of itself is moving the nasdaq today. that may be a function of the idea of the continuation of the tax benefits for writeoff in the business sector. people investing, businesses investing in technology to grow their business. so that would be the area that i think you're seeing the greatest impact. but the whole market is moving. the building stones of an economy, the basic material groups and the consumer spending is
cliff deal will look like are emerging tonight. ben white joins us now with the very latest. ben, and the markets seemed to be very relieved but really, one of the biggest issues is still down the road, left to be contended with. >> the debt ceiling is going to be a bigger market-moving event. any deal if we get one tonight, tomorrow, the next day, it's not going to have an extension in the debt limit or raising of the debt limit and republicans aren't going to give that up. that's their wedge. >> all they got. >> which this deal is apparently not going to have much of, if any, spending cuts, that's what republicans want. they have to use the debt ceiling to get it. obama says i won't negotiate on the debt ceiling, how can he not? he has to. >> why is the it flip? when we were looking at, we opened the show, we talked about revenues and also talking about entitlement cuts, why did it flip around? why was there supposed to be $3 of cuts to every dollar of revenue and we never heard about that again. >> it's a very good question. that's what obama and boehner were talking about, ho
saying that their convictions were tainted by naked racism. >>> ben affleck's story about how there was a reduce by the cia and canadian government to get hostages released. now a canadian who played a critical role in the real-life drama has died. >>> call it blackmon in the nfl. lovie smith, one of the seven coach who's got fired after the regular season. 10-6 record. led the bears to the super bowl in 2006. other coaches getting the ax. romio crennel, chan gaily, ken whisenhunt. and andy reid. pat shurmur and norv turner. five general managers also got the ax. a tough day in the national football league. >>> something to watch during today's 104th tournament of roses parade. for the first time ever, the defense department has a float, a replica of the korean war veterans memorial in washington, d.c. >> is there something significant about the first day of the year? >> the season ended the day before. finished all their games. as soon as games are over, they fire everyone, clear house. the reason you fire so many coaches, in nfl, so much parreded onny. they have the same lev
left in 2012. >> yeah. let's break it all down and bring in ben willis here with us on set. ben, we could talk about lots of things. what are traders saying? >> already have. >> what's the buzz on the floor today? today everybody is talking about home so this holiday week, a slow week, another wasted clean shirt and bus fare. >> how are you trieding right now? >> the flow that you've seen trying to deflect the market, only a corner thumbprint to look at. energies right now are a plus side area and the negative side, you're seeing the consumer stocks under pressure because of the microsoft story and you and i have been of the same find on the fiscal climbed. you like this market, but we are getting close to the deadline. does it matter if we go past anyone? >> i think the market is saying we don't lead a lot mar. the market still expects that a deal will be done so that we'll get a patch, so to speak. this has been a good week. 80% of time this week is generally to the plus side. >> you'd still buy the dips here? >> yes. many shows have been on cnbc sending their own personal message
. realistically you want to be in treasuries. cash or treasuries. only with the help from ben bernanke and company. >> thank you, guys. >> we'll keep an eye on that, too, as a matter of fact. thank you, guys. we'll see you later and wall street is throwing in the towel as we head towards the close. apparently fewer people want to be long going into the weekend. the dow now at the low of the session, down 160 points. >> indeed. next, even as star pucks stores in d.c. are riding together on come together on the fiscal cliff deal, it does appear the ceo apparently may not understand what exactly the fiscal cliff is. what this may say about the whole cliff situation. that's when we come right back. you better come back and join us once again. y wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi pric
cliff again. >> from your lips, right? we can only hope. thanks, ben. see you later. we are going out, and we are very close to a 300-point gain, the best gain for the market in about four or five years with the dow up 296 points as we head towards the second hour. got wilbur ross joining us and more members of congress as well. stay tuned. >>> nearly a 300-point day on the dow jones industrial average. welcome to the "closing bell." i'm kelly evans in for maria bartiromo. bill griffith joins us here in just a second. stocks are kicking off 2013 with one of the biggest rallies we've seen in some time. the biggest, in fact, since 2009. here's a quick look at how we're finishing the day on wall street, waiting for the settle to come through to see if we can hit the three handle on the dow jones industrial average, but we won't be far away from it, regardless. the nasdaq is adding about 88 points, the s&p 500 and, bill, the bottom line, up anywhere from 2.4% to 3% for these averages. >> i'm looking at the board here in the new york stock exchange, and it shows we're up 308 points right n
is electronics. but what stores are getting hit here? >> little nordstrom's action. quick silver, ben sherman. most people know ben sherman from charlie sheen, but they're flannel. >> i got a nano and i traded it in for an ipod. >> we are returning to gap and j. crew. >> you came out on december 26th to buy serving forks? >> no, i came out to go to banana republic, which, on their answering machine said they opened at 9:00, they lie and opened a at 10:00. >> just returning. >> you're not going to buy anything? >> i'm trying to be good. >> did you get any gift cards? >> no, i didn't. >> is the economy on your mind? >> constantly. >> does the economy weigh into that at all? >> absolutely. >> everybody said that except for jack carl who may be my favorite shopper i found today, dos last minute shopping the day after the last minute. >> what do you have? >> i have a movado watch i had sized for my wrist and i bought some perfume for my wife. >> so, you came here just to have the watch sized and spent more. with us that part of the plan? >> yes. no, no, the plan was to have the watch sized and the
growth, which was 2% or less. and second of all, the fed. at this point ben bernanke isn't rumplestiltskin. even if this cliff deal is inacted, we'll say good luck in a month with the debt ceiling. in terms of the real economy and stocks, profits importantly have benefited tremendously in recent years from lower interest expense and low growth wage. so at some point the tail winds are going to end. >> you guys were expecting 5% in stocks for 2012, obviously the s&p 500 has done 11.5% heading into today with a whole slew of issues that have been facing us. has that surprised you what the market has been has resilient as it has been given a long list of laundry issues? it is not like your tune has changed here. you guys have been on the steady, more droward drum beat and they just have not panned out that way. >> well, we forecasted 5% in the bond market, although the total return fund is done 10% plus. the 10% plus in the stock market has come at the cast of ben bernanke and the check writing. to the extent that continues, you'll see money move out from bonds into risk ass
miss it? the s&p is up around 13% so far this year. the dow is above 13,000 again. calm it the ben bernanke rally. his fed pumping billions of dollars into the company, and stocks are loving it. but individual investors have missed it. stock, mutual fund outflows upwards of a trillion dollars so far this year. don't feel bad. hedge funds running scared, too. what's been scaring everybody? the fiscal cliff, anemic u.s. growth, europe's financial crisis, china's slowdown. so proceed, but proceed with caution. co-founder and president of ulta capital management, jack otter, editor and author of "worth it, not worth it" and walter upgrade, editor for cnn. >>> figure how much money in stocks, how much in bonds largely determined how for a until you retire. the faurter you go the more in stocks. then stick to it. don't get swayed by gloom or euphoria. this year, per effect example. people scared, didn't invest much in stocks and a good year. s&p up about 16% year to date. bonds rose. diversified portfolio 4%. can't outguess them. don't try. >> make a strategy and stick with it. many view
was not cool on the skis. tough talk. here i am with ben willis, and we talked about the market, but the number one question, what's everybody saying about the fiscal cliff? >> new year's resolution is never to have to say those words again. >> oh, come on, what do people think? what's the reaction in the market? >> traders are tired of the hold. what you are witnessing now is political theater. the president getting on the plane, coming home early, on and on, just get it over with. that's what you are elected to do. just do your job. we're tired of it. >> pushed back into january? >> may have patch work done causing a resolution, but the market continues to say we believe it's going to happen because the fact of the matter is if it doesn't happen, the market turns ugly really fast. >> all right. there's obviously the belief something's got to happen but better be sooner than later. >> ben's got to have a better new year's resolution than that. >> i like it. that and eat more broccoli. >> he's laughing because it's the truth. >> thank you, nicole. >> i have to think of the new year's resolution
11 bucks a session. i want to bring in ben from traders audio. we're significantly off the highs of the session in most of the major commodities, let alone the stock market off its highs. i'm hearing amongst traders is this sort of a lack of conviction in this big rally? >> in terms of follow-through we're seeing limited conviction. the s&p basically had the 27 handle move through the open session and zero follow through. so there is lot of traders right now asking if this was full release if you will after the news type effect and just seeing some sellside activety in reaction. up 27 happened else. there is conviction to the upside. low follow-through. low energy. >> ben, i will, i literally made him run down from the trade. these guys are much busier day than they have been the last several trading session. i will let him get back to work. this is rally traders will watch to see if it actually lasts basil very prices have been a big winner in today's session. the at one point up more than 4%. just up 2% on the session. everything is sort of coming off under the circumstances hi
boys. a nationwide search was under way to locate ben an henry. they were on a holiday trip with their father in tennessee. we were supposed to return to georgia december 24th but they never came back. during our live interview teresa sent a message to her son. >> children, please call mommy. you know my phone number. i have taught you how to do it. if daddy doesn't have a phone, you can ask anybody you see. anybody you see has a phone. remember my number and call mommy's number. you can ask people at stores. you can ask people at the gas station. you can ask people anywhere you see. you need to call mommy and vf at phone. they will help you. anybody will help you. call mommy. >> just minutes after that interview, the boys called their mother, told her that they were safe, and that they were in austin, texas. police there tell cnn that someone at a hotel recognized the boys from the amber alert and our program and they contacted police. >> the law enforcement community nationwide, we take these amber alerts seriously when it deals with kids, with children. this is one of tho
avoided by the current chairman ben bernanke, and even though he avoids the conversation, he doesn't avoid giving congress the biggest fire hose in the world filled with free water. >> i love those kind of fire hoses on every corner, please. >> what's that, david? >> bernanke is the most aggressive fed governor we will ever know in the last 40 or 50 years with the monetary stimulation that began in november 2008. >> well her, needed to be? >> and that's likely to still be the only game in town in the face of just fiscal irresponsibility. >> in light of a digs functional congress and no fiscal direction coming from washington in terms of the capitol or the white house, you needed a more aggressive fed chairman, didn't you, david? >> absolutely, you do, and he's the best student of history for this type of situation. i worry two or three years down the road when he has to unwind it, when this record monetary stimulation could ultimately be inflationary, but that's not anywhere in the cards for the next 12 to 18 months. >> he won't be there anyway. he doesn't have to worry about that. he won'
-minute mark. i think we'll call this the ellie kefns rally. >> i think we should call it the ben rally here. >> i'm not going to take any credit for this. >> pulled you in. >> first time you've been in from london in a while and you get a rally, coincidence. i think not. let me show you what's happening as we go out. coming out with a gain of 286 points on the dow right now. that's the high for the session, but even stronger, as kelly was pointing out earlier, the technology stocks are powering the nasdaq higher so the dow is up 2.18%. the nasdaq is up almost 3% at this point. what about the fear indicator vix has had its biggest two-day decline now in a few years. it's down another 18% today at 1477. what's powering us higher here? among the s&p sectors, technology. look at, that kelly, up 3% almost on that. the financials, the telecoms. >> look at telecoms up 3%, and we're just seeing the s&p at session highs, 1458. those are the levels to watch. so we're at highs much earlier in the day at 10:00 and now as we enter the final minute of trade, back testing those levels. >> look at this. yo
. olga breese is in for bern ben. she has a tale -- for howard bernstein. she has a tale of two forecasts for this new year. >> we're starting off fairly reasonable this morning. it's been a little overcast. the temperatures have been on the mild side so that's always a treat. it's cool outside. don't be fooled but it's not quite as cold as what we've been experiencing the last couple of nights. let's take a look at our radar and i'll show you where the moisture is sitting right now. it's basically south of the region. it's a storm system we've been tracking the last couple of days. it's developing along the gulf coast and it's starting to slide past the east. most of us will stay dry. the further north and west you are of town, the lesser your opportunities of seeing any of these sprinkles today. as we get in toward the afternoon, though, however, i think we'll see a possibility for the sprinkles to get closer to the beltway. temperatures right now are in the upper 30s and lower 40s. we're going to sit right around 42 degrees through the afternoon with a spot shower possible. areas that
one, you could have a stronger than expected economy. number two, i think ben bernanke's foot is a lot heavier in the acceleration race to the bottom as it relates to currencies. and number three, some of us are old enough to remember the por porche/wo porche/volumings wallen deal. >> vtg. this was an $8 stock in 2008 and i think it has the ability to go back there, based on the value of its land. >> okay. got your first move tomorrow when we come back. stay tuned. we're all having such a great year in the gulf, we've decided to put aside our rivalry. 'cause all our states are great. and now is when the gulf gets even better. the beaches and waters couldn't be more beautiful. take a boat ride or just lay in the sun. enjoy the wildlife and natural beauty. and don't forget our amazing seafood. so come to the gulf, you'll have a great time. especially in alabama. you mean mississippi. that's florida. say louisiana or there's no dessert. brought to you by bp and all of us who call the gulf home. so why exactly should that be of any interest to you? well, in that time there've been some goo
. welcome, ben bernanke. like dan the man and myself, we're going to be looking at that participation rate. i don't think ben's going to want the lower rate to be driven by issues that are economically sound. >> i think you're right. the one thing you have to pay attention to, what if we start stronger numbers. >> i hope unemployment goes down, participation rate goes up. now, i'm going to hit in another arena. i love simon and simon was given one of the republicans a hard time. and i understand that. hey, where was the entitlement reform? where was the media asking about it last night? >> we hadn't heard anything. >> these fiscal conservatives, maybe they're not as good as the president. they are the best. at playing political chess. >> yes, they are. >> it just unfortunate there's very little correlation between winning the chess game of politics and winning what's best for the country. >> you win a battle here, but what about the long-term war here? >> they're not winning anything right now. i'm so disgusted right now. it's what's been going on in our country for the past four years. th
cliff. this fall is really going to hurt. ben white of morning money, dennis, said an excuse to get a bic can keeney on the cover. >> relatively slow news day. what geithner did yesterday is almost as if he is strapping a damsel in distress to the tracks and saying the stakes are rising higher. the markets are taking all this tension, all this sort of -- these things at stake to really make the point perhaps that you have to have those stakes really high for people actually to get a deal. >> on "fast" last night when that letter crossed in the green rooms, we were chatting, we said this sounds like a ploy on the part of the treasury to actually get people to start moving. obviously, there wasn't a market selloff, did have the stumbling blocks and traders on friday said almost better if we did see the markets pull back more to crystallize what this could mean for the u.s. economy to members of congress. we didn't see that. it is a numbers game though in terms of what will happen. we know need 60 votes to clear a fill buster in the senate. seven republicans need to go along a lot of j
. it will hit the consumer right in the wallet. ben bernanke has already said he does not care how much inflation hits. >> you know, i just believe we are in a holding action until we resolve these immediate political problems. i agree with you was. this is a political crisis first and foremost. it is a weak economy. getting weaker. bond yields are going down. i think what peter speaks of is certainly possible in the near future. perhaps, the more distant future. bottom line, i expect more softening and a lack of confidence. >> the fact of the matter is, big government is very expensive. we need much higher taxes on the middle class. not on the rich, on the middle class. if they do not want to get stuck with this bill, we better start slashing -- [talking over each other] liz: we have to leave it there. thank you very much. really appreciate it. heading north for the winter. canada needs workers. out of work americans are happy to oblige. this is really an amazing story. oil is now trading just north of $90 a barrel. just down a fraction of a point. we will be right back. ♪ liz: welco
was -- in print saying that gold would not go over 2,000 -- >> will it get there. if ben bernanke gets his way, it will get there. >> it went from 200 to 1,800 knowing what bernanke was going do. but you're right because it's a beg thy neighbor. everybody is printing -- >> at the core of what the fed is trying to do is phillips curvean in that they're trying to trade short-term gains in unemployment for modest upticks in inflation. if they get their way, presumably the gold bowls will come back out of the woodwork. >> if it goes from 200 to 1, 800, it's anticipated. >> how much did that suit cost? >> not very much. tie's a different story. >> not $1,800? >> no, not $1,800. >> you should be able to buy a suit for an ounce of gold. that's always been the -- >> i was not aware of the suit-to-gold ratio. >> suit-to-gold ratio. you -- never, never been your -- >> suits -- >> you've always need good five or six troy ounces to buy -- >> you buy a brioni suit, can you pay in gold bars? >> that's how i usually do. it. >>> real quick, boxing day according to wikipedia, traditionally the day following ch
but not be very good investments. >> that's the question people have been asking, value investors since ben graham created the field. the answer is, there's no identifiable catalyst. the beauty of value investing is you buy something less than its intrinsic value, and eventually that value gets realized. it just can't see what's going to make it happen up front. >> charles, david, thank you guys. talk to you soon. >> thank you for having me. >> we take you live to the nymex to find out exactly what is behind the $2.45 move. that is a big move. for a number of shoppers, post-christmas rituals include, of course, gift cards today. and many unhappy returns. up next, jane wells will be with us in l.a. with the lowdown. good morning. >> hi, simon. yeah, you were just talking about it a little bit. there's been this transition from my generation, yes, i'm old, i like to gift, even if i don't like it, to my kids, 20, 22, they just want gift cards they don't care about the thought. give them the money. and is it enough to save christmas. we'll have that after the break. >>> welcome back to "squawk on the
Search Results 0 to 21 of about 22